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<br />February 26, 2007 <br /> <br />Kathy Onsum <br />111710th Ave. S. <br />Fargo, ND 58103 <br /> <br />Ms. Onsum: <br /> <br />Per my research, below is a list of properties that have recently sold both in your <br />neighborhood and similar neighborhoods throughout the city. I have also provided some <br />specific information about the properties as they compare with your home. <br /> <br />Please note that in the appraisal process, it is difficult to find properties with exact <br />amenities when searching for comparable sales. Therefore, adjustments from the base <br />price are made to reflect differences in property characteristics. When testing the <br />reasonableness of a comparable sale and adjustments to it, a unit of comparison is <br />used. The most common unit of comparison in residential real estate is price per square <br />foot. <br /> <br /> <br /> <br />Com arable Sales from Similar Nei hborhood: <br /> 4/28/06 $123,000 932 $132 <br /> 2/28/06 $135,000 960 Similar Similar $141 <br />13326 St. S. 7/28/06 $112,600 966 Similar Similar $117 <br />13367 St. S. 10/12/06 $126,700 936 Similar Similar $135 <br />1011 14 St. S. 4/27/06 $119,600 1,026 Similar Inferior $117 <br />1431 7 Ave. S. 6/9/06 $122,200 976 Similar Inferior $125 <br />14295 Ave. S. 4/12/06 $103,800 936 Similar Inferior $111 <br /> <br /> <br />